Nigeria: Senate Requests Oil Price, Production Level For Two Years From NNPC

The Senate Committee on Petroleum (upstream) on Thursday asked the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mikanti Baru, to furnish it with details of oil prices and production levels for the last two years. The Committee made the request during a a visit to the NNPC headquarters in Abuja.

A statement released by NNPC’s Group General Manager, Public Affairs, Mr. Ndu Ughamadu quoted Omotayo Alasoadura, Chairman of the committee, as saying: “We have just come to fulfill another part of our mandate, which is to oversee what NNPC is doing. It’s not a mission to harass anybody, it’s for us to understand one other, give advice, as nobody is a sole repository of knowledge.

“Everybody knows that Dr. Baru is very knowledgeable in the Industry, but he can’t know everything, even people who don’t know anything about the Industry may have useful ideas that can be of help.” While receiving the senators, Baru told them he had obtained permission from President Muhammadu Buhari to review the terms of the Production Sharing Contracts Nigeria entered into with international oil companies.